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What about the conglomerate commercial insurance companies and pharmaceutical companies along with for-profit hospital systems? We cant just single out the govt programs.
These companies continue to grow while limiting their care and increasing the cost every year, mainly to pay the administrators millions a year:
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UnitedHealth Group earned $17.3B in 2021, according to earnings report
The company's full-year revenue grew more than $30 billion, or 11.8%, to $287.6 billion year-over-year.www.healthcarefinancenews.com
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Seven health insurance CEOs raked in a record $283 million last year
Health insurance CEOs are registering record levels of pay. Experts say their incentives are “messed up.”www.statnews.com
Total CEO compensation in the last 10 years
Sum of all compensation by company since 2012
Cigna
$365,959,592
UnitedHealth Group
$349,470,281
Centene
$322,619,510
CVS-Aetna
$265,741,187
Humana
$187,880,631
Anthem-WellPoint
$166,515,815
Molina Healthcare
$112,148,401
It’s not just for-profit hospital systems. Remember this joker/genius from not for profit Sanford health? Now they are laying people off.
Ex-Sanford Health CEO got $49.5M payout after departure following unscientific remarks about COVID-19
SIOUX FALLS, S.D. — Former Sanford Health CEO Kelby Krabbenhoft received a $49.5 million payout as part of his abrupt departure from the health system in late 2020, according to federal tax documen…